SEOUL, South Korea and CUPERTINO, Calif., Aug. 11, 2014 — (PRNewswire) — MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE:
MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, today announced that it has signed a joint development agreement with Yield Microelectronics Corporation (YMC) to develop a family of embedded 0.18um standard Multiple Time Programmable (MTP) IP solutions.

Touch control panels are widely used in mobile devices, navigation equipment, digital cameras and other consumer products. By adopting YMC's MTP-IP solutions, foundry customers can take advantage of high voltage (HV) features in addition to added NVM functionality. Utilizing these solutions will directly lead to improved signal-to-noise ratio characteristics and increased performance of touch control panels in comparison with pure CMOS process. YMC's MTP-IP solutions allow the control unit in each touch panel to be integrated and create an optimal touch sensing solution.

In addition, YMC's MTP IP can utilize MagnaChip's CMOS manufacturing process to replace existing embedded flash. This is a competitive advantage for foundry customers seeking to provide new generation touch panels with high-performance and cost-effective embedded solutions. With the addition of YMC's MTP solution utilizing MagnaChip's Bipolar-CMOS-DMOS (BCD) manufacturing processes, customers will have the added flexibility of being able to expand into new areas and applications such as microcontrollers.

Namkyu Park, Executive Vice President and General Manager of MagnaChip's Semiconductor Manufacturing Services Division, commented, "We are very pleased to announce MagnaChip's continued close partnership with YMC and the joint development of their MTP-IP solutions utilizing our flagship 0.18um BCD technology. MagnaChip will continue to provide a broad variety of high performance and cost effective NVM IP solutions to meet the increasing application-specific needs of our foundry customers."

About MagnaChip SemiconductorHeadquartered in South Korea, MagnaChip Semiconductor is a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products for high volume consumer applications. MagnaChip Semiconductor believes it has one of the broadest and deepest range of analog and mixed-signal semiconductor platforms in the industry, supported by its 30-year operating history, a large portfolio of registered and pending patents and extensive engineering and manufacturing process expertise. For more information, please visit
www.magnachip.com.